Kaupthing Edge CHAPS Transfer

whitesatin

behelzebub wrote: »

From The Fo website ..

Payments are made electronically and should start and finish on the same day. CHAPS opens for business at 6.00am each day and payments usually have to be started by 4.00pm. But there is a facility to make
late payments, in certain circumstances, up to 5.00pm.

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/42/42.pdf

Thanks for that. I will be looking at my account from first thing tomorrow. I received an email from ING direct today but this is, hopefully, not because they still have my money but because I kept it open with a small amount.

MadBill

I hadn't planned to contibute any more to this thread, but I was just sitting here browsing various gov.uk documents and I came across this which for anyone still with worries should probably read to put your mind at rest -
http://www.hm-treasury.gov.uk/press_103_08.htm
Now, my KE BACS transfer (placed last Sunday, actioned last Monday morning) finally materialised as a CHAPS transfer into my linked a/c Friday afternoon.
The link above indicates (I believe) the extent to which gov.uk in the form of the treasury / BoE and ING are working together to get this resolved. Unless you are one of those who have non-online accounts (which, from earlier messages seems to be maybe around a couple of thousand people) everything WILL HAPPEN automatically. It just may take a couple of days into next week. The impression I get is that for those with non-online (postal? or telephone only? perhaps - I'don't know for sure - it wasn't spelled out) would probably have to contact the FSCS people.

This is just my understanding - feel free to correct me!

extract for web page referred above - A small number of retail depositors have accounts with Kaupthing that are not part of the “Edge” brand or accounts with Heritable which have not been transferred to ING Direct. These depositors will receive their money in full. They will need to apply to the Financial Services Compensation Scheme to receive their deposit. Further detail can be found on the FSCS website (http://www.fscs.org.uk/consumer/ ) or by phoning 0207 892 7300.

OK, that's my last post! And thanks to our brilliant TV stars, well done both of you - hope you can afford the razor soon Luke....

behelzebub

whitesatin wrote: »

I received an email from ING direct today but this is, hopefully, not because they still have my money but because I kept it open with a small amount.

Same here re email, also got a letter in post arrived Saturday from ING saying HERITABLE money was now transfered and safe with ING

What a week!

hellyboo_2

me too furry one!

Celt08

Please let me know when you receive your money tomorrow - I'll be checking my account from 6am onwards - let's hope we won't have to wait much longer.

Then comes the wait for the money we have in Icesave... lets hope everything will be sorted by Christmas.....:j

BarmyBoy

Actioned my transfer out to linked account last Tueday - transferred on Wednesday - not yet arrived but I'm sure it will - should I transfer 35k back to K/E?

Celt08

I'm not going to consider transferring anything to KE until they are formally ING - then I might transfer the money in. I'm thinking of Birmingham Midshires at the mo...

I,M_SAD

I hope my transfer appears tomorrow too,kept busy all weekend to block it out,house looks great,walked my ds to death,ironed everything in sight.Tried to ignore my friends astonishment at my stupididty of having savings in KE bank,I wish we had,nt discussed it because I said nothing but my one friend said' please don,t tell me you had savings in there'!!What could I say!!
I am being positive and the assurances do look good from ING,just feel so bad I risked my families savings,as in me and my children,s for a good rate of interest.If money comes through ok,have decided to buy me a new(old)car,not sure why,just feel I have scrimped and saved all my life and it has frightened me really.Maybe I need to get a better perspective on life and try and enjoy what money I do have.I will never spend it all mind,not my nature but maybe I have been too tight.!!

Celt08

I know what you mean... I kept myself busy too - I'm building my first house so helped out there - I just hope I get my savings next week so I can pay the builders ... and that we have some more news on Icesave asap so I can have a peacefu night sleep

miserable_ol_so_n_so

This is where I will put my kaupthing and icesave money when i get it......month by month, 2000 quid per person, offshore acnt, IOM.... three persons, ....to earn a whopping 10%.....well worth it.....now that IOM has guaranteed 50K deposits.........hope we dont have a disaster with our good old Halifax......like we did with the icelanders.........what about IOM?........could they have same sort of problems few months down the line?.....anway....heres the link......

http://www.halifax-international.com/savings/regular-saver.asp